Evaluating A PM By The Steady Success Of Each Kind Of Decision That The PM Controlled

An Excel example for Dr. Andre Mirabelli's explanation of the limitations of Elementary Brinson Attribution.

Written by the CFA Society NY's Performance & Risk Analytics Committee--Krista Harvey, CFA, CIPM , Andre Mirabelli, Ph.D.-- This paper is intended to help investment professionals by articulating common and acceptable industry practices as they relate to the calculation of timeweighted returns for a portfolio of investments on a net-of-fee basis...

Read how if your system doesn't use enough significant figures, it will produce incorrect results.